Polyisobutylene (PIB) is a commercial polymer extensively utilized in multiple end user applications owing to its thermal stability, flexibility, and impermeability to gases. Moreover, polyisobutylene is utilized in the production of tubeless tires due to its capacity of holding air for longer time.
Polyisobutylene is also used for damp proofing and maintenance of roof membranes. In addition, polyisobutene increases the thickness of the lipid (oil) portion of cosmetics and personal care products. Furthermore, polyisobutylene offers chemical resistance and low permeability to air, moisture, and gases. It is often deployed in the production of certain medical packaging applications such as serum vials, injectable, saline bottles, and seals.
The market witnesses a significant growth owing to increase in use of polyisobutylene-based butyl rubber in the production of automobile components such as hosepipes and gaskets, and window strips. In addition, the polyisobutylene superior flexibility, thermal stability, and impermeability properties is further expected to augment the market demand.
In addition, rise in automotive demand in the emerging economies of Asia-Pacific and the Middle East on account of improving road infrastructure, increased spend ability, and increase in per capita ownership of vehicles is projected to boost the automotive sector, which in turn is also expected to boost the polyisobutene market. Robust growth of end-user industries including construction and automotive further offer a developing opportunity for the market.
However, concerns and issues related with environment owing to the incidences of spill in Europe coupled with disposal of polyisobutylene from the tanker vessels in water bodies pose challenges to the market growth.
The report segments the market on the basis of molecular weight type, application, and geography. Based on molecular weight type, the market is classified as low, medium, and high. Based on applications, the market is divided as additives, automotive, lubricants, adhesives and sealants, and others. Others are categorized as chewing gum, detergents, and dispersants. By geography, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Some of the key players in the global market include:
- BASF SE
- TPC Group Inc
- Ineos Group
- Exxon Mobil
- Lanxess AG
- Chevron Oronite Company LLC
- Infineum International Ltd
- The Lubrizol Corporation
- Berkshire Hathaway Inc.
- This report provides a quantitative analysis of the current trends and estimations from 2017 to 2023 of the market to identify the prevailing market opportunities.
- Major countries in each region are mapped according to individual market revenue.
- Comprehensive analysis of factors that drive and restrict the market growth is provided.
- An in-depth analysis of current research & clinical developments within the market is provided with key dynamic factors.
- Key players and their key developments in the recent years are listed.
Polyisobutene Market Key Segments:
By Molecular Weight Type
- Adhesives & Sealants
- Others (Chewing Gum, Detergents, and Dispersants)
- North America
- Rest of Europe
- Rest of Asia-Pacific
- South Africa
- Rest of LAMEA